Published: 2026-03-24T16:58:36.000Z
Chart USD/CAD Update: Pushing higher
1
Cautious trade is giving way to anticipated gains
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1.3870 | congestion lows | S1 | 1.3700 | * | congestion | ||
| R3 | 1.3820 | ** | 76.4% ret of Jan-Feb fall | S2 | 1.3650 | congestion | ||
| R2 | 1.3800 | * | congestion | S3 | 1.3600 | * | congestion | |
| R1 | 1.3755 | ** | 61.8% ret of Jan-Feb fall | S4 | 1.3550 | congestion |
Asterisk denotes strength of level
16:40 GMT - Cautious trade is giving way to anticipated gains, with prices currently testing levels above the 1.3755 Fibonacci retracement. Daily stochastics are flat in overbought areas, suggesting room for further consolidation, before the rising daily Tension Indicator and positive weekly charts prompt further gains. A close above here will extend February gains towards congestion around 1.3800 and the 1.3820 retracement. However, already overbought daily stochastics could limit any initial tests in profit-taking/consolidation. Meanwhile, support is at congestion around 1.3700 and should underpin any immediate setbacks.